Midland Credit Management

[craftymom]

I have a Crediit One account that was charged-off in 2016 and sold to Midland I believe in 2017.  I have received (not the first one) a settlement letter from Midland with three options.  They are 40%, 20% or monthly payments.

Do I validate and take the risk of being sued since it is not past SOL?  

[Goody_Ouchless]

There are two schools of though on that. Most people say to validate, because there is minuscule chance they will violate, and that it can buy you some time (30 days or less). My feeling it that all validating does is let them know that they found the correct person - figure the "wrong person" is just going to toss the letter as junk belonging to a previous resident. When reviewing cases filed in my local court, I was surprised by how many were dismissed because they couldn't find the right person. Asking for validation instantly puts you in "we found 'em!" pile.

Ultimately, though, experience on this board has shown no firm rule of thumb - some people validate and get sued, others validate and don't get sued. Some don't validate and get sued, and some don't get sued.  Midland is a classic example - they sued us on a few accounts and left others - just as valid - to fall out of SOL with nothing more than letters.

 

[BV80]

41 minutes ago, craftymom said:

I have a Crediit One account that was charged-off in 2016 and sold to Midland I believe in 2017.  I have received (not the first one) a settlement letter from Midland with three options.  They are 40%, 20% or monthly payments.

Do I validate and take the risk of being sued since it is not past SOL?  

If this is not Midland’s first letter, and it doesn’t contain the 30-day validation notice, it’s too late to request validation.   

[craftymom]

So better to leave it alone and pass SOL?